McCain Reports Largest Haul in May

John McCain’s campaign must have been eager to share the good news–one day before the presidential campaign finance reports were due, the presumptive Republican candidate officially disclosed that May was his most successful fundraising month. McCain started June with more than $31 million on hand after raising $21 million last month, according to the report he filed yesterday with the Federal Election Commission. The information was released on the same day that his Democratic opponent, Barack Obama, announced that he would bypass public funding in the general election. McCain has said he will accept the federal money, limiting how much he can spend and prohibiting him from raising money for the general election after this summer’s nominating convention.

Although McCain has certainly come a long way since the debt-ridden days of his early campaign, he’ll be hard-pressed to catch up to Obama in the money race before the convention. The presumptive Democratic candidate raised $265.4 million through the end of April, compared to McCain’s $96.7 million. (Obama is expected to file his May reports by tonight’s midnight deadline.) Obama had $46.6 million in the bank at the end of April. On a day-to-day basis, however, McCain is crossing the finish line first more often, at least among larger donors–in April he outraised Obama on 15 days among individuals giving more than $200, compared to only six in January, two in February and nine in March.

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